@Misty Monk. here is an article on the changes Fannie made to not trigger due on sale for transfers within your own pass through entities.

I have a question for clarification relate to managing partners compensation. 2 Managing partners will be doing the majority of the work while two partners other will be silent equity partners. In your experience, how...

Would you consider possibly doing a partnership?

Even an 8 CAP should get the partnership at least $50k/year...without the repairs,...etc...

@Mark Karelin one of the better recommendations from the BP podcast is to do a personality assessment when you have a partnership.

Those who attended are now starting to build a REAL local network that will mutually benefit them either through partnerships, education or motivation.If you are interested in joining us for the next meet-up, we created a closed FB group called Tampa Bay REI Growthstermind.

No formal agreement was made on a “partnership” agreement and anytime I suggested such he said we’ll figure it out later.

It's unclear to me what would trigger them finding out about it in the sale process. 

Lastly, converting the property to an LLC after the property purchase may trigger new taxes, specifically a Title Transfer Tax. 

Otherwise seller-financing, partnerships, and subject to (not my area of expertise) can be great ways to acquire property without a lot of capital.